New home construction

Assignment Help Financial Accounting
Reference no: EM13915909

DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a salary of $94,000 annually and one salaried estimator who is paid $52,000 annually. The corporate office has two office administrative assistants who are paid salaries of $56,000 and $40,000 annually. The president's salary is $162,000. How much of these salaries are common fixed expenses?

Reference no: EM13915909

Questions Cloud

Monthly bank statement : A company's Cash account shows a balance of $3,420 at the end of the month. Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as bank service fees.
Equivalant units of production : how do I calculate the equivalant units of production for this problem? I cant seem to figure out how to line up the study answers to the questions im working on in class. is there a number for Chegg i can call?
Dollar amount of cost of goods sold : Calculate the total dollar amount of cost of goods sold and total dollar amount of ending inventory for October assuming FIFO is used.
Receivable account in the company general ledger : The balance in the Accounts Receivable account in the company's general ledger -The company expects to actually collect $1,700,000 of its receivables.
New home construction : DC Construction has two divisions: Remodeling and New Home Construction.
Monthly financial statements : Andy is the new owner of Computer Services. At the end of July 2012, her first month of ownership, Andy is trying to prepare monthly financial statements. She has the following information for the month.
Enforce in this environment : Betty's Bakery is a start-up bakery that employs Betty, the owner, as well as one sales clerk, and one baker. Which cash receipt controls may be hardest to enforce in this environment
Miscellaneous itemized deductions : Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses.
Prepare the adjusting entries : 2. Supplies on hand total $900.The equipment depreciates $200 per month.During March, services were performed for two-fifths of the unearned service revenue.Prepare the adjusting entries for the month of March.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Temporary investments such as in trading securities

Temporary investments such as in trading securities are

  Determine that shipments made were actual sales

Favorite Soda Company distributes beverages in the Portland, Oregon area. Which of the following would be the test to determine that shipments made were actual sales?

  Illustrate what amount should be reported for patent amortiz

It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..

  What annual savings in shipping expenses mush

If the firms effective interest rate is 15% per year and the life of the software is four year, what annual savings in shipping expenses mush there be to justify the purchase if the software

  Compute the depreciation for the first and second years

Compute the depreciation for the first and second years of use by each of the Straight-line methods

  Calculate the gain or loss made on your portfolio

During the tracking period, 10 August to 7 September 2012, your team is to monitor the performance of the shares and the overall performance of the Australian share-market. Can you maximize the value of your share portfolio?

  Total conversion costs

Aberge Company's manufacturing overhead is 55% of its total conversion costs. If direct labor is $45,900 and if direct materials are $27,200, the manufacturing overhead is: During the month of September, direct labor cost totaled $21,240 and direct l..

  Financial accounting income statement

A corporate taxpayer has an income tax expenditure recorded on its preliminary financial statements if $13,000,000. How could the $1,000,000 be reflected in the financial accounting income statement?

  Business emphasizes the providing of maintenance

Business emphasizes the providing of maintenance and service for customers

  Determine the selling price of the equipment sold

New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. Determine the selling price of the equipment sold.

  How did truman allocate the goodwill

On July 1, 2011, Truman Company acquired a 70 percent interest in Atlanta Company in exchange for consideration of $720,000 in cash and equity securities.

  Determine current assets and total assets

Determine Current Assets, Total Assets and Net Income based on the number.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd